Tin tức thị trường
16.08.2024

UK retail sales rose in line with forecasts in July

Data published by the Office for National Statistics (ONS) showed that retail sales rose by 0.5% in July, partially offsetting the June drop (-0.9%, revised from -1.2%) and confirming economists' forecasts.

For the three-month period (through July), sales volumes rose by 0.1% when compared with the three months to April 2024 and by 0.8% when compared with the same period last year.

Meanwhile, in July, retail sales excluding fuel rose by 0.7% after declining by 1.3% in June (revised from -1.5%). Consensus estimates suggested an increase of 0.8%.

The data also showed that, in annual terms, retail sales increased by 1.4% in July, as expected, after a 0.3% decline in June (revised from -0.2%). When compared with their pre-coronavirus pandemic level in February 2020, volumes were down 0.8%.

The ONS said that automotive fuel sales volumes fell by 1.9% in July following an increase of 2.2% in June. Non-food stores sales volumes, the total of department, clothing, household, and other non-food stores, rose by 1.4% after declining by 1.9% in June. Department stores and sports equipment stores reported a boost following summer discounts and sporting events. Non-store retail sales volumes rose by 0.7%, mainly because of a rebound from retailers other than mail order (such as stalls, markets, vending machines and door-to-door sales).

The data also showed the amount spent online, known as online spending values, increased by 2.5% m/m and by 3.6% per annum. The proportion of online sales decreased from 24.5% in June (revised from 27.1%) to 27.8% in July.

Xem thêm